The form 1099-div that I received for a particular mutual fund has a breakdown by state of the tax-exempt interest dividends, with a percentage specified for every state. On line 11 do I have to enter each state individually, or can I do one entry for the state I live in and then one additional entry with XX for the state code that has the total for all the other states?
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Thank you. That's what I was hoping. I'll check on the state requirements.
You can generally make two entries – one for the state you live in and a second for all the other states.
Tax-exempt interest dividends from your resident state are not taxed on your resident return.
Double check your state rules. For example, some states will also exempt interest from US possessions such as Puerto Rico and the US Virgin Islands,
Thank you. That's what I was hoping. I'll check on the state requirements.
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